This figure varies depending on how much a play makes from a Theater performance. What percent of broadway shows make a profit?
Who is the highest-paid actor on Broadway? Lin-Manuel Miranda is quickly rising to the top of richest Broadway actors with a net worth of $80 million. Diane Keaton is the highest-paid Broadway actress performers with a net worth of $100 million. How did Hamilton actors get paid? According to stylecaster, Hamilton actors got higher salaries than the usual $2,034 base salary per week. It’s estimated that each main cast member earned $3,400 a week with the other actors making a $1,900 base salary as per the union contract between 2015 and 2016.
Do Broadway understudies get paid? They get paid for every track they cover.
Producers typically start in theatre, gaining skills through education and experience. Many theatres need volunteers, interns, assistants – starting points for those with little experience.
The average producer salary is $50-200k. Top producers earn millions from a single hit. They also get a percentage of profits – the "back end." A $10 million musical may have 20 producers raising $500k each.
Investing is not typically open to the public. Knowing if a show will succeed is hard. Hamilton and Fun Home sold out off-Broadway first – a positive sign.
Playwrights have side jobs like screenwriting and editing to pay bills. About 15% of a show’s 35% profit pool goes to writers.
High net worth investors can contact lead producers of shows they enjoy. But barriers to entry have risen.
In 2017-18 Broadway grossed $1.7 billion, over $1.4 billion from musicals. It contributes $14.7 billion to NYC plus 96,900 jobs. 14.77 million attended in 2018-19, grossing $1.83 billion.
Equity union actors are well paid. In 2013-14 Broadway as a whole earned over $1.25 billion. Producer office fees average $2,000, often split between leads. Musicals accounted for over 80% of 2017-18’s 11.45 million attendance.
A producer royalty starts at 3% of gross, converting to profit share. Top salaries are over $170k. Decades of small commissions and royalties are standard playwright pay.